Reinventing Hybrid Enterprises for Social Good

Eric W. Orts, author of Business Persons: A Legal Theory of the Firm, speaks about the potential of benefit corporations and other “hybrid social enterprises.”

Orts lauds students and those from other business schools who are pursuing careers in which they are aiming to be a “part of the solution” to the world’s problems, as well as searching for opportunities to make a decent living for themselves. He does points out that legal recognition of new forms of “hybrid social enterprises” may smooth the road for starting up new business ventures since these types of cause-based businesses are formed into a single structure that can perform as both for-profit and nonprofit.